The assets are detailed in today's Motley Fool report:
The Disney assets being contributed to go.com include Disney.com, Disney's Club Blast, The Disney Store Online, Disney Travel Online, Disney.com's international sites, Family.com, ABC.com, Oscar.com, and ABCSports.com. Additionally, Disney will throw in some Web properties still under development, including Family travel, Family shopping, and Disney auctions. Also part of go.com will be current Disney-Infoseek joint ventures ABCNEWS.com, Mr. Showbiz, Wall of Sound, ESPN.com, NFL.com, NBA.com, WNBA.com, NASCAR.com, and The ESPN Store Online.
I think the sell-off is because implementation of the deal is so many months away. This may be a real opportunity to get shares of the go.com IPO, but people are thinking, why hold SEEK shares now? An awful lot can happen between now and then ... why take the risk now, when you can buy SEEK shares anytime between now and then?
Also, the list above sounds an awful lot like a hodge-podge of bits and scraps. |
